What role does cybersecurity play in protecting financial information? 🔊
The role of cybersecurity in protecting financial information is critical. It involves implementing measures to safeguard sensitive data from breaches and unauthorized access. Cybersecurity strategies include encryption, access controls, and intrusion detection systems, which help to maintain the integrity and confidentiality of financial transactions. Effective cybersecurity reduces the risk of fraud, identity theft, and financial losses, ultimately protecting both businesses and consumers in the digital economy.
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